Belden Director John M. Monter Sells 3,900 Shares (BDC)
Belden (NYSE:BDC) Director John M. Monter sold 3,900 shares of Belden stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $79.01, for a total value of $308,139.00. Following the completion of the sale, the director now directly owns 19,419 shares of the company’s stock, valued at approximately $1,534,295. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Belden (NYSE:BDC) traded up 1.89% on Friday, hitting $78.83. 728,174 shares of the company’s stock traded hands. Belden has a 1-year low of $50.10 and a 1-year high of $79.20. The stock has a 50-day moving average of $73.58 and a 200-day moving average of $71.18. The company has a market cap of $3.437 billion and a P/E ratio of 32.54.
Belden (NYSE:BDC) last announced its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $487.70 million for the quarter, compared to the consensus estimate of $497.07 million. During the same quarter last year, the company posted $0.84 earnings per share. Belden’s revenue was down 3.9% compared to the same quarter last year. Analysts expect that Belden will post $4.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Monday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of research firms have recently commented on BDC. Analysts at DA Davidson reiterated a “neutral” rating on shares of Belden in a research note on Friday, May 2nd. They now have a $75.00 price target on the stock. Separately, analysts at Davidson raised their price target on shares of Belden from $68.00 to $75.00 in a research note on Friday, May 2nd. They now have a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Belden from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $75.80 price target on the stock.
Belden Inc (NYSE:BDC) designs, manufactures and markets cable, connectivity, and networking products in markets including industrial, enterprise, and broadcast.
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